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Multifamily loan rates and Commercial loans

Birmingham, Alabama

As of 2014, December, within a span of 10 miles of Birmingham, the average multifamily housing rent is $870. The average rent in Birmingham for a one bedroom multifamily unit is $722, and the average rent in Birmingham for a two bedroom multifamily unit is $984.

For the past 6 months, the average multifamily housing rent in Birmingham has increased $37 or 5%. Multifamily units have gone up by $4 or 1% that are 1 bedroom. Multifamily units have gone up by $73.50 or 9% that are 2 bedrooms.

A source to get Birmingham multifamily market information is the Greater Birmingham Apartment Association – http://www.gbaa.biz

As of 2015, February 15, for Birmingham, $27,279.83 is the median asking price per unit for apartment housing properties for sale. This is a loss of 27.5% compared to the prior 3 months and a gain of 17.8 % when you compare it to pricing of the previous year.

Birmingham which is located in Alabama, has a population in the year 2010 of 212,237 and it has the distinction of being the biggest city in Alabama. In the year 2010, around 1,128,047 people, which is ¼ of Alabama’s population, was in the Birmingham-Hoover Metropolitan Statistical Area. It was during the post-Civil War period of Reconstruction in 1871 that Birmingham was founded.

To search for Birmingham apartments for sale, go to http://www.loopnet.com/Apartment-Buildings-For-Sale/. Also, for another resource to find more knowledge about Birmingham apartment real-estate, go to http://www.biggerpockets.com/

Apartment Loan Store is proud to serve the entire Greater Birmingham area:

  • Mountain Brook
  • Homewood
  • Vestavia Hills
  • Irondale
  • Fairfield
  • Hoover
  • Gardendale
  • Pleasant Grove
  • Bessemer
  • Hueytown
  • Trussville
  • Leeds
  • Helena
  • Pelham
  • Alabaster